The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-11
CONDITION OF THE MARKETS
A Cold Wave in the Wheat Belt Causes
4 Decline in the Price of That Grain.
Corn Opens at Slightly Higher Prices. but an
Immediate Decline Results-All Opera
tiens Marked by Bearish Tendency.
MONEY, BONDS AND STOCKS.

An Extremely Dull, Heavy and Weak Mar
kst. with No Interesting Features.
NEW YoRK, Dec. 1O.-Money on call Was easy
1t psr cent, closing offered at Dig.
Prime mercantile paper. cash per cent.
Sterling exchange duh but steady at 4.S14
for sfxty-day oils, and 81. S41a for demand.
Thstotal sales of stocks to-day were So 887 shares
including the following: Canada Southern l. 500;
Central Pacific 1909; Delaware. Lackawanna s.
Western, a. 1c0 Erie. 2 500; Kansas g. Texas 1885,
Lake Shore, 1900; Northwestern, 1000; New Eng
land, 5,516; Resding, 1890; st. Paul. 1o.4Oo;
Union Pacific. $3.50; Western Union, $500.
The stock market extremely dull after the first
half hour. and while heavy weak there was almost
no feature Of interest developed throughout the
session. The dealing for the most part simply
traders seslpng operations for small fractions, on
and the expectation that the bank statement would
show further decrease In the surplus reserve; but
prevented the usual Saturday selling movement at
the close The severest pressure brought against
Kansas Texas and Burlington & Quincy,
but Central Pacific continued the s1vancs begun yes.
tsrday, and Richmond & West Point preferred re-
covered handsomely from it's late depression Pacific
GsE also showed marked weakness light trans
actions. but the movement in the remainder for
any sort The temper Of the room was conservativeiy
besrish, and the traders claimed that considerable
evidence that such was the case. The opening was
heavy 1T declines of ls0l4 per cent, generally,
1 nsg5n 8 West Poias T. These seo losses sse.
were further increased in the early
trading, with Kansas & Texas, Fort Worth g. Dem
yer, and Burlington & Quincy leaders in the de-
cline The market became extremely dull after the
first attack was completed, and from that time the
dealings were entirely devoid of feature, beyond a
fairly firm Tone which lasted to the close of business;
The latter. however. was barely firm at the
lowest prices reached The days business only
S0.s87 shares. and Reading. with IL ,9O0 st. Paul,
10, 400; Richmond & West Point. Clio;
Union Pacific, $3.50; and New England,
5.517, furnished the bulk OF the business.
Closing prices are generally lower though in few
q
Suincy lost Ia, Kansas & Texas. lie, aud Pacific
Mail, e. On the other hand, Richmond 81 West
Point preferred rose La. and Central Pacific per
cent.
Railroad bonds quiet, and occupied
y lower range than at any previous time during
The week. but the only feature was the comparative
Grmness Of the Kansas g Texas issues
The sales were $40. 600. Northwestern
sirkinRfuEd fves lost l. at lot: Detroit g. Macknac
land grants, 1, at So East Tennessee frsts, Ia at
11S14; Houston s. Texas seconds, 2, at 10Y; Mobile
Sc Ohio SKIES. 6. at los; the 6rst debentures l.
at a; the second debentures. ga at o. and Green
Bay incomes, z, at %. The sales of bonds for the
week amounted to So 995 900, marked falling off
from those of the previous week. Closing quotations
rveYe